Outside of sci-fi films, there’s no precedent for AI systems killing people or being used in cyber attacks. However, some lawmakers want to implement safeguards before bad actors make that dystopian future a reality. A California bill, known as SB 1047, tries to stop real world disasters caused by AI systems before they happen, and […]
Outside of sci-fi films, there’s no precedent for AI systems killing people or being used in cyberattacks. However, some lawmakers want to implement safeguards before bad actors make that dystopian future a reality. A California bill, known as SB 1047, tries to stop real-world disasters caused by AI systems before they happen, and it’s headed
Anysphere, a two-year-old startup that’s developed an AI-powered coding assistant called Cursor, has raised over $60 million in a Series A financing at a $400 million post-money valuation, two sources familiar with the deal told TechCrunch. The round was co-led by Andreessen Horowitz and Thrive Capital. Patrick Collison, co-founder and CEO of Stripe, also participated
The founder of once-hyped crypto startup BitClout is facing trouble. On Tuesday, the SEC charged BitClout founder Nader Al-Naji with fraud and unregistered offering of securities, claiming he used a pseudonymous identity to avoid regulatory scrutiny while he raised over $257 million in cryptocurrency. BitClout, a decentralized social media platform, raised from a who’s-who of
The SEC has charged an a16z and Sequoia-backed crypto startup founder with fraud Read More »
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. To get Startups Weekly in your inbox every Friday, sign up here. This week we are talking about Wiz’s bold decision, VC’s public feud, legal tech’s new capital and a16z’s close call. Let’s go! Most interesting startup stories
Legal tech, VC brawls and saying no to big offers Read More »
At the end of June, a security researcher found a vulnerability in a web app used by a16z, one of the most powerful and influential Silicon Valley venture capital firms, which exposed some data about the firm’s portfolio companies. The bug has since been fixed. On June 30, a security researcher who goes by xyzeva
Researcher finds flaw in a16z website that exposed some company data Read More »
Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130 million Series B at a roughly $700 million valuation led by Andresen Horowitz with participation of Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) is becoming
AI startup Hebbia rased $130M at a $700M valuation on $13 million of profitable revenue Read More »
Many VC firms are struggling to attract new capital from their own backers amid a tepid IPO environment. But established, brand-name firms are still able to raise large funds. On Friday, Kleiner Perkins announced that it closed on more than $2 billion in fresh capital across two funds, a slight increase from the 52-year-old firm’s
a16z-backed Character.AI said today that it is now allowing users to talk to AI characters over calls. The feature currently supports multiple languages, including English, Spanish, Portuguese, Russian, Korean, Japanese and Chinese. The startup tested the calling feature ahead of today’s public launch. During that time, it said that more than 3 million users had
Character.AI now allows users to talk with AI avatars over calls Read More »
For an indie developer building a game on their own, compliance with regulations is likely the last thing on their list of priorities — they first have to finish writing the code, designing the mechanics, and run endless rounds of tests to make sure the game is actually fun to play. But compliance is often
k-ID wins $45M to help game devs speedrun the child safety compliance puzzle Read More »
